AGP Executive Report
Last update: 11 hours agoASX IPO Watch: SCX.ai (ASX:SCX) starts trading after a $40m float at $0.30, reporting ARR of $6.5m (+21% from May), paying customers up to 49 (from 13) and rapid growth in AI inference demand. Market Wrap: The ASX 200 closed slightly lower/volatile after Wall Street weakness, with investors digesting earnings from Guzman y Gomez and others while unemployment rose to 4.5% in July. Big Four Rates Anxiety: ANZ flags a petrol-and-rents inflation jump that could keep core inflation sticky, complicating hopes for early RBA relief. Housing Pressure: Rent affordability worsened as rent inflation outpaced wages, with renewed concern that budget tax changes could push rents higher. Media Bargaining Law: Australia passed a levy forcing major tech firms to pay if they don’t strike news deals, with offsets tied to publisher spend. Banking & Tech: Origin says it limited access after a breach affecting ~900,000 customers; WiseTech shares face pressure after an ACCC raid. Energy & Batteries: Analysts warn grid batteries are flattening price spikes and squeezing arbitrage margins.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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